Over the forecast period, the increasing hospitalisation of patients is expected to drive the growth of the US hospital beds market. Throughout the projected period, the growing hospitalisation of patients is likely to fuel the growth of the US hospital beds market. Throughout the projected period, more product launches and approvals are likely to boost market growth. Stryker, one of the world's largest medical technology firms, for example, debuted ProCuity, the industry's first and only totally wireless hospital bed, in October 2020. This intelligent bed was created to assist minimise in-hospital patient falls, increase nurse workflow efficiency and safety, and lower hospital cost. Throughout the projected period, the growing cost of sophisticated beds is likely to stymie the expansion of the US hospital beds market.
According to Coherent Market Insights, the U.S Hospital Beds Market is estimated to be valued at US$ 1,145.4 million in 2022 and expected to exhibit a CAGR of 5.8 % over the forecast period (2022-2030)
Key Companies in the U.S. Hospital Beds Industry
1. Hill-Rom Holdings, Inc.
The company is Manufacturer of hospital equipment and medical supplies based in Chicago, Illinois. The company specializes in providing hospital equipment and medical supplies, including hospital beds for high- and low-acuity settings in order to advance the next generation of transformative healthcare innovations. It was founded in 1915, headquartered in Chicago, U.S.
2. Getinge AB
Getinge, headquartered in Gothenburg, Sweden, manufactures a wide range of products for use in acute care, surgical, and life sciences in the hospital, pharmaceutical, and research settings. Product areas include ventilators, surgical stents, life support systems, sterilizers, surgical tables, and sterile transfer systems. The company was founded in 1904.
3. Invacare Corporation
Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. Invacare Corporation was founded in 1885 and is headquartered in Elyria, Ohio. On January 31, 2023, Invacare Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
4. Stryker Corporation
Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan.
5. Paramount Bed Co. Ltd.
Paramount Bed Holding Co Ltd manufactures medical and nursing care products. Its acute care business sells products to intensive care units and other acute care facilities to relieve patient discomfort and prevent secondary infections. Paramount Bed generates the vast majority of its revenue in Japan. The company was founded in 1982, headquartered in Tokyo.
6. Medline Industries, Inc.
It is manufacturer and distributor of healthcare supplies partnering with healthcare providers around the world. The company offers medical supplies such as exam gloves, textiles, durable medical equipment, plastic patient utensils and disposable incontinence care, ensuring reduced costs, increase in supply chain efficiency and improvement in the quality of care. The company was founded in 1910, headquartered in U.S.
*Definition- Hospital beds are specially designed for patients to provide extra comfort, relief, and convenience while they are in the hospital. These beds are an important part of the healthcare infrastructure and are commonly used during examinations, disease diagnosis, treatment, and patient transportation
